Using the C(α) procedure of Neyman (1959), we derive tests for the goodness of fit of the binomial distribution which are asymptotically optimal against generalized binomial alternatives proposed by ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...